Private Equity

Liquidity Events

MakeMyTrip's fintech arm buys majority stake in forex services provider BookMyForex

Economic Times  

TripMoney, MakeMyTrip's fintech arm, has acquired a majority stake in Gurugram-based foreign currency exchange services provider BookMyForex. With this investment, BookMyForex's suite of services, including currency exchange that offers real-time exchange rates, multi-currency prepaid forex cards, cross-border remittances as well as other ancillary products will be rolled out for the benefit of MakeMyTrip and Goibibo customers.

From the Venture Intelligence PE-VC Deal Database: BookMyForex is backed by Faering Capital.